Mexican Official Says U.S. Oil Swap Proposal Progressing
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Mexico is making progress in its efforts to become the second country approved to accept U.S. oil exports.
Petroleos Mexicanos, Mexico’s state-owned oil company, is still waiting a ruling from the U.S. Commerce Department on its January application to be able to get up to 100,000 barrels of light U.S. oil a day in exchange for heavy Mexican oil, Lourdes Melgar, Mexico’s deputy energy secretary for hydrocarbons, says in interview in Washington.